Part 8/11:
For example, Mr. Beast likely collaborated with a business manager and production companies to create and launch his chocolate brand. Consequently, these creators can focus on branding, content creation, and community engagement while allowing their partners to manage complexities behind the scenes.
Building Recurrent Revenues
The potential profitability of this entrepreneurial approach is astonishing. Consider a hypothetical scenario where a YouTube creator produces a product costing $5 each but sells it for $20. Assuming they have 1 million subscribers, if just 2% make a purchase (20,000 buyers), the creator could earn $300,000 in profit. If this product operates on a recurring subscription model, the creator stands to build a multi-million dollar business.